Banco Davivienda SA · BVC:PFDAVVNDA
Banco Davivienda SA — Q1 2014 Earnings Presentation
22 slides from Banco Davivienda SA's earnings presentation, May 2014
Slide 1: Earnings Presentation 1Q14 Consolidated Results
Earnings Presentation 1Q14 Consolidated Results
Slide 2: Disclaimer
The information presented here is exclusively informative and illustrative. It is not, nor does it pretend to be a source of legal or financial consultation regarding any issue. The financial information and projections presented are based on information and calculations carried out internally by DA
Slide 3: Content
Content First Quarter Highlights First Quarter 2014 Results 3
Slide 4: First Quarter Highlights
First Quarter Highlights
Slide 5: Main Results
First Quarter Highlights Main Results Accumulated Net Income1: $268 billion, growth of 12.0% compared to 2013. ROAE2 rose from 13.2% (1Q13) to 15.0% Allowances expenses for the quarter dropped 27.3% compared to 1Q13, with a notable performance in the consumer allowances with a 20.9% decrease Equity
Slide 6: Main Results
First Quarter Highlights Main Results Consumer portfolio accelerated its performance and rose 8.5% (7.2% as of 4Q13), improving quality1 from 2.08% to 1.99% Deposits2 rose 26.3%, of which, personal banking rose 14.6% Mortgage disbursements totaled $859 billion, 45.4% more compared to 1Q13 During the
Slide 7: Growth and Results of International Subsidiaries
First Quarter Highlights Growth and Results of International Subsidiaries During the quarter, $97.1 billion in dividends were received from subsidiaries Gross Loans1 Financial Margin, Net2 Y/Y Mortgages 14.4% Consumer 24.0% Commercial 23.6% Total 21.9% 1. COP Trillions. Commercial includes microcred
Slide 8: Daviplata Continues its Expansion
First Quarter Highlights Daviplata Continues its Expansion Daviplata totaled 2.1 million clients and 5,300 banking correspondents in 823 municipalities Transactions1 Amount2 125% 346% 1. Transactions in millions 2. Amount ($) of transactions in COP billions 8
Slide 9: Cultivarte
First Quarter Highlights Cultivarte Davivienda inaugurated 3 new Cultivarte locations in the municipalities of Risaralda, Manzanares and Obando Total coverage of 11 locations in 4 departments During the quarter, the average of users increased, reaching 1,690 per day Davivienda participated in the ce
Slide 10: First Quarter 2014 Results
First Quarter 2014 Results
Slide 11: Assets
Consolidated Assets (COP Trillions) Consolidated Q/Q (%) Y/Y (%) Cash 8.5 34.3 Investments, net 1.7 5.3 Loans, net 3.7 20.6 Other assets 4.1 6.8 Assets 3.9 18.2 ROAA(1) 1.71% 1.65% 1.61% Assets Mar. 13 Dec. 13 Mar. 14 Q/Q (%) Y/Y (%) Colombia 41.6 46.6 48.4 3.8 16.4 International (2) 9.2 11.1 11.5 3
Slide 12: Gross Loans
Consolidated Gross Loans (COP Trillions) Consolidated Q/Q (%) Y/Y (%) Mortgages (1) 6.6 40.4 Cosumer 1.5 8.5 Commercial (2) 3.5 18.6 Gross Loans 3.6 19.8 Gross Loans Mar. 13 Dec. 13 Mar. 14 Q/Q (%) Y/Y (%) Colombia 29.5 34.1 35.2 3.4 19.4 International (3) 6.1 7.1 7.4 4.6 21.9 1. Mortgages includes
Slide 13: Quality and Coverage (%)
Consolidated Quality and Coverage (%) Quality: Loans>90 days Coverage: Allowances/ Loans>90 days 13
Slide 14: Quality and Coverage (%)
Consolidated Quality and Coverage (%) Consumer Commercial 1 Mortgages2 Quality: Loans>90 days Coverage: Allowances/ Loans>90 days 1. Commercial includes microcredit 2. Mortgages includes leasing 14
Slide 15: Funding Sources
Consolidated Funding Sources (COP Trillions) Consolidated Q/Q (%) Y/Y (%) Demand Deposits 10.2 26.5 Term Deposits 5.1 25.8 Bonds -5.8 -6.0 Credits 7.4 8.3 Funding Sources 6.3 19.4 Loans, Net/ Funding 81.8% 83.8% 81.0% Sources(1) Funding Sources Mar. 13 Dec. 13 Mar. 14 Q/Q Y/Y Colombia 34.3 37.9 40.4
Slide 16: Capital Structure
Consolidated Capital Structure Solvency 9% Minimum Requirement Tier I 4.5% Tier II Equity (COP Trillions) 16
Slide 17: Financial Margin, Net
Consolidated Financial Margin, Net (COP Billions) QUARTERLY Consolidated 1Q14/4Q13 1Q14/1Q13 (%) (%) Loan Income 2.6 9.2 Investment Income, Overn. -32.7 -36.2 Subtotal Financial Income -1.8 2.9 Financial Expenses 2.9 3.8 Allowances 20.8 -27.3 Financial Margin, Net -8.3 13.9 NIM(1) Mar. 13 Dec. 13 Ma
Slide 18: Expenses
Consolidated Expenses (COP Billions) QUARTERLY Consolidated 1Q14/4Q13 1Q14/1Q13 (%) (%) Personnel Expenses -4.5 6.8 Operating Expenses -20.3 7.2 Other Expenses (2) -9.6 14.8 Total Expenses -12.6 8.8 Efficiency(1) Mar. 13 Dec. 13 Mar. 14 51.2% 53.8% 54.5% Expenses 1Q13 4Q13 1Q14 Q/Q (%) Y/Y (%) Colom
Slide 19: Net Income
Consolidated Net Income (COP Billions) QUARTERLY Consolidated 1Q14/4Q1 1Q14/1Q13 1Q14 3 (%) (%) Financial Margin, net 669 -8.3 13.9 Fees & Commissions 314 2.3 13.0 Total Expenses -612 -12.6 8.8 Other (2) -13 -158.7 -15518.4 Taxes -90 -11.0 41.8 Net Income 268 3.5 12.0 ROAE(1) Mar. 13 Dec. 13 Mar. 14
Slide 20: Net Income International Subsidiaries
Consolidated Net Income International Subsidiaries (COP Billions) Consolidation Detail Local accounting Results in Homogeneizationstoto Homogenizations Results in Subsidiaries Local Accounting %Var Colombian Subsidiaries 1Q13 1Q13 1Q14 1Q14 % Var Colombian Colombianaccounting accounting Colombian ac
Slide 21: Accumulated Net Income
Consolidated Accumulated Net Income (COP Billions) Dividends received from subsidiaries Colombia includes Davivienda´s individual net income, local subsidiaries, dividends received from subsidiaries and deletions; International includes Panama, El Salvador, Costa Rica and Honduras before standardiza
Slide 22: Thank You
¡GraciasThank por su atención! You! atencionainversionistas@davivienda.com +57 1 2203495